1. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com 2019 Digital Oilfield Market Growth | Trends Analysis Report 2025

2. Global Market Scenario of Digital Oilfield Industry  Digital Oilfield Market is set to grow over USD 39 billion by 2025. Technological advancement coupled with increasing awareness pertaining to the potential of digitalized solutions empowered with advanced analytics, cloud computing and Internet of Things (IoT) will accelerate the business growth. Ongoing promotions amongst the industry through Fourth Industrial Revolution or Industry 4.0 along with respective government measures toward enhancing the domestic technology capabilities will complement the business outlook.  Growing need for economic recovery of hydrocarbon resources along with increasing number of mature fields will propel the digital oilfield market growth. Romania and Russia are set to witness increasing deployments owing to a large number of mature oilfields across the region. Various enhanced oil recovery methods are being actively used to boost the declining production. Innovative solutions including well testing facilities and reservoir management will allow the operators to save cost on performing expensive recovery methods.  The digital oilfield market share is set to grow on account of recovering oil prices and rising exploration and production activities. Rapid discoveries of new oilfields along with increasing rig count will enhance the industry outlook. For instance, in 2018 the U.S. rig count increased to 945 when compared to 900 in 2017.digital oilfield market © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

3.  Economic dependency on oil and gas trade and production coupled with prevailing need for transformation of business operations will propel the Middle East digital oilfield market. Kuwait and Saudi Arabia is set to drive the industry growth on account of massive investment toward digitalization. In order to boost their oil recovery and maximize return the companies are using new technologies.  Some of the key investors present across the region include Saudi Aramco, Abu Dhabi National Oil Company and Kuwait Oil Company. For instance, in 2019, the Kuwait Oil Company launched the phase two of the KwIF project integrating the operations with real time surveillance, modelling and field assets. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

4. Asia Pacific Digital Oilfield Market Size, By Process, 2018 & 2025 (USD Million) Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/heat-exchanger-market https://www.gminsights.com/industry-analysis/heat-exchanger-market

5.  Requirement of large capital investments along with growing need for strategically planned drilling operations will foster the digital oilfield market by drilling optimization. Increasing well complexity and low oil prices are the prime factor instigating the requirement of advance drilling solutions. In addition, it further offers enhanced safety, reduce drilling risk, minimize nonproductive time while provide guidance for the project that are likely to boost its adoption.  Declining technology cost along with growing industry merger & acquisition will drive the digital oilfield market size by information technology. In addition, growing integration of technology and business strategies are compelling the oil and gas companies to innovate and develop extensive IT infrastructure and services. 360° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

6. Industry Background

7. Competitive Analysis:  Halliburton,  Schlumberger  Weatherford  ABB  Rockwell  Siemens  General Electric  National Oil Varco  Kuwait Oil Company  Accenture  Schneider  Infosys Browse Complete Summary of this report @ https://www.gminsights.com/industry- analysis/digital-oilfield-markethttps://www.gminsights.com/industry- analysis/digital-oilfield-market © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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